AXP 50.0% 0.2¢ axp energy limited

Ann: Quarterly Cashflow Report, page-2

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    70 k left as end of Sept with 365k drawn
    given we are at end of October and outflow projected at 2m for the quarter and would hazard a guess that they are now 1 million in debt and counting
    days are numbered imo
    i note another 90k paid to associated for the quarter - amazing how regular and also amazing how it is never in projected cash outflow

    days are numbered imo and within 3-6 months , the current price will seem very high . It seems to me the downward spiral has began and the negative outflow will accelerate. I note no interest cost disclosed -how is this possible with debt surely drawn already
 
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